RE: Stage Analysis Beginners Questions
Hi all,
I finished reading Weinstein's book last month and had a question regarding identifying sectors or groups of stocks that are performing well for longs or performing poorly for shorting. What time span do you all use when identifying whether a sector/group is up or down? My trades are normally open anywhere from 1 week to several months. I typically swing trade on pullbacks. I have been use the 5-Day, 1 Month, and 3 Month time spans to check performance on stock sectors. At times, a sector may be up on the 5-Day time frame, but down on the other two and vice versa. What is your criteria or strategy for determining if a sector or group is up or down relative to your strategy?